The Importance of Having the Right Workers Comp Class Codes

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learn more about NY workers compensation class codes

New York Workers Comp Class Codes: An Important Component of Your Policy Having the correct NY workers compensation class codes is truly important for business owners. In fact, any incorrect codes on workers comp insurance policies can result in higher premium costs. It can also be a lengthy process if audits are needed for worker’s comp policy review. To ensure you have … Read More

Well Drilling Class Code 6204 Rates Decrease by 17.3 Percent

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Well drilling class code 6204 New York

Well drilling companies received a 17.3 percent decrease in workers comp base rates for their class code 6204. The rate decreased from $12.93 to $10.69 effective October 1, 2015. Because premium rates vary by insurance company, business owners should get competitive quotes for their workers comp insurance to make sure they have the best rates possible for their policies. Class … Read More

Concrete Construction Class Code 5213 Workers Comp

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New York concrete construction workers comp

In the latest workers comp insurance base rate changes concrete construction class code 5213 pretty much remains unchanged. The rate reduced by only 3 cents from $16.83 to $16.80. WC Classification 5213 Defined This classfication code applies to commercial concrete operations including the construction of buildings, locks, selfbearing floors, dams, foundations, grain elevators, piers and silos. It also includes form … Read More

Milk Products Manufacturing NY Class Code 2065 Rate Increase

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Milk Products Manufacturing NY Class Code 2065

NY workers comp class code 2065 for dairy and milk products manufacturing increased 30 percent effective October 2015. Base rates for other milk-related employee payroll also saw increases with the latest October round of manual rate changes by the NY Compensation Insurance Rating Board and New York State Department of Financial Services. Class Code 2065 Milk Products Manufacturing This workers … Read More

Iron Worker Class Codes for New York Workers Comp Insurance

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New Jersey WC class codes for iron workers

Iron workers in New York have specific classification codes assigned to tasks that employees perform while on the job. Understanding workers compensation insurance class codes goes a long way in helping you to ensure your business reports payroll accurately and pays the right premiums for your coverage. What Determines My NY Workers Comp Premiums? The Rating Bureau in New York determines base … Read More